Denali Advisors LLC Cuts Position in Cheniere Energy, Inc. $LNG

Denali Advisors LLC lowered its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 18.7% in the third quarter, Holdings Channel.com reports. The fund owned 17,795 shares of the energy company’s stock after selling 4,095 shares during the quarter. Denali Advisors LLC’s holdings in Cheniere Energy were worth $4,181,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Cheniere Energy by 0.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,687,388 shares of the energy company’s stock valued at $1,141,473,000 after purchasing an additional 26,843 shares in the last quarter. Norges Bank acquired a new position in Cheniere Energy during the second quarter worth about $957,425,000. Geode Capital Management LLC increased its holdings in Cheniere Energy by 1.9% in the second quarter. Geode Capital Management LLC now owns 3,874,796 shares of the energy company’s stock valued at $940,578,000 after buying an additional 70,475 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Cheniere Energy by 0.5% in the second quarter. Canada Pension Plan Investment Board now owns 1,845,285 shares of the energy company’s stock valued at $449,364,000 after buying an additional 8,740 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Cheniere Energy by 32.6% during the 2nd quarter. American Century Companies Inc. now owns 1,729,359 shares of the energy company’s stock valued at $421,134,000 after acquiring an additional 425,106 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group restated a “buy” rating and issued a $275.00 price target on shares of Cheniere Energy in a report on Monday, November 3rd. Jefferies Financial Group set a $251.00 target price on Cheniere Energy in a report on Sunday, January 25th. Erste Group Bank downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Barclays decreased their price objective on shares of Cheniere Energy from $262.00 to $259.00 and set an “overweight” rating on the stock in a research report on Thursday, January 15th. Finally, Royal Bank Of Canada dropped their target price on shares of Cheniere Energy from $282.00 to $271.00 and set an “outperform” rating for the company in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Cheniere Energy has a consensus rating of “Moderate Buy” and an average target price of $264.24.

Cheniere Energy Stock Up 1.1%

LNG opened at $220.19 on Monday. The firm has a market cap of $47.39 billion, a P/E ratio of 12.27 and a beta of 0.27. The business’s fifty day simple moving average is $200.82 and its 200 day simple moving average is $216.96. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $246.42. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.94.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 6th will be issued a dividend of $0.555 per share. The ex-dividend date is Friday, February 6th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.0%. Cheniere Energy’s payout ratio is 12.37%.

About Cheniere Energy

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.